Brazil fixed-income funds see R$33.9B inflow ahead of elections

Brazilian fixed-income funds attracted R$33.9 billion in net inflows in August, reversing the prior month's R$15.6 billion outflow, as investors seek safety ahead of elections. Year-to-date inflows total R$261 billion, with industry assets at R$11.37 trillion. The surge reflects risk-off positioning and may signal market expectations of political uncertainty.